SPDR S&P 500 ETF Trust
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Elliot Wave Analysis of SPY

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"5" of "B" is here.

All sentiment, pricey multiples, poor real growth, and expansive optimism point to this rally being a "B" rally. "C" leg of major expanded flat leads to sub $60 pricing. If "C" follows similar trajectory to 2007 decline then by January 2018. If "C" leg follows similar trajectory to 2000 decline then by 2020ish.

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Watch out below...don't get fooled into buying the "dip"...waves clearly indicate trend is not down

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